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A monopoly firm selling textbooks is currently maximizing profits by charging a price of $100 per book

Marketing

A monopoly firm selling textbooks is currently maximizing profits by charging a price of $100 per book. It follows that the marginal cost of textbooks

a. is equal to $100.

b. is less than $100.

c. is greater than $100.

d. equals the average revenue from textbooks.

Option 1

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